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Addendum To Rental Agreement For Rent Increase
"I need an Addendum To Rental Agreement For Rent Increase for my residential property in Kuala Lumpur, implementing a 10% rent increase effective March 1, 2025, with all other original lease terms remaining unchanged."
1. Parties: Identification of the landlord and tenant as named in the original rental agreement
2. Background: Reference to the original rental agreement, its date, and current rent amount
3. Definitions: Key terms used in the addendum, particularly if different from or additional to the original agreement
4. Rent Increase: Statement of the new rental amount and the effective date of the increase
5. Confirmation of Other Terms: Affirmation that all other terms and conditions of the original agreement remain unchanged
6. Execution: Signature blocks for all parties and date of execution
1. Notice Period: Required when specifying the notice period given for the rent increase, if different from statutory requirements
2. Payment Terms: Include when there are changes to payment methods or dates accompanying the rent increase
3. Utilities and Services: Required when changes to utility payments or services are implemented alongside the rent increase
4. Security Deposit Adjustment: Include when the security deposit needs to be adjusted proportionally with the rent increase
5. Staged Implementation: Required when the rent increase will be implemented in stages rather than as a single increase
1. Schedule A - Rent Calculation: Detailed breakdown of the new rent calculation, including any pro-rata adjustments
2. Schedule B - Payment Schedule: If applicable, a schedule showing the implementation dates for staged rent increases
3. Appendix 1 - Notice of Rent Increase: Copy of the formal notice of rent increase previously served to the tenant
4. Appendix 2 - Original Agreement: Copy of the original rental agreement for reference
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail Property
Industrial Property
Property Investment
Legal Services
Facilities Management
Legal
Real Estate
Property Management
Asset Management
Contract Administration
Facilities Management
Tenant Relations
Document Management
Investment Management
Property Manager
Real Estate Agent
Legal Counsel
Property Administrator
Leasing Manager
Asset Manager
Facilities Manager
Contract Administrator
Real Estate Investment Manager
Property Owner
Tenant Relations Manager
Legal Administrator
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